<>

VISA

The Payments Ecosystem

VISA

Barriers to Scale

Interoperability

Infrastructure

KYC

Mobile POS

Mobile Card Technology Transforming Merchant Acceptance

Biometric Authentication – Opening Account

User

Agent

Financial Institution

Opening Account

Biometric POS

Authentic

ate

Authenticate

Biometric Authentication – Financial Transaction

User

Agent

Financial Institution

Systems I

ntegra

tion

Biometric POS

Authentic

ate

Authenticate

Transaction

&Settlement

Mobile Branchless Banking: Off to a Good Start…

…But a Problem Hitting Scale

Sources: CGAP, Branchless Banking Database

Implementations with > 200k active users

120

0

100

80

60

40

Live branchless banking implementations launched after 2007

120

20

11

1 in11

Mobile Money Networks

Closed loop

Ecosystems

Evolution Strategy

Mobile Money. Enables Mobile Money Operators to offer unbanked consumers with closed-loop mobile money account

Examples

Agent Send Money

Pay Bills

Mobile Money Networks Example: Orange/Visa Launch

Mobile Money Networks

Closed loop

Ecosystems

Evolution Strategy

Mobile Money. Enables Mobile Money Operators to offer unbanked consumers with closed-loop mobile money account

Mobile Prepaid Ecosystem Expansion. Expand reach of mobile money ecosystem to global payments provider’s merchant network.

Open-Loop Phase 1

Global Payments Network

+ =

OrangeExamples

Agent Send Money

Pay Bills Pay Bills

Agent Send Money

ATM

eCommerce

Merchant

Risk of Fragmentation and Inefficiencies

Acceptance Financial Account

Economies of scale through interoperability

Acceptance Financial Account

Shared Network

Mobile Money Networks

Closed loop Interoperable Network

Ecosystems

Evolution Strategy

Mobile Money. Enables Mobile Money Operators to offer unbanked consumers with closed-loop mobile money account

Mobile Prepaid Ecosystem Expansion. Expand reach of mobile money ecosystem to global payments provider’s merchant network.

Fully Interoperable End State. Connect mobile money programs of different mobile network operators and acceptance points.

Open-Loop Phase 1

Global Payments Network

+ =

OrangeExamples mVisa

Agent Send Money

Pay Bills Pay Bills

Agent Send Money

ATM

eCommerce

Merchant

Key Take Aways

• Technology innovation is a key driver for unlocking scale

• An enabling regulatory environment is a foundational element for greater financial inclusion

• Private Public Partnership is an essential component to achieving shared goals